Loan Comparison: 6.78% vs 6.5%
12875 Morning Breeze Way, Peyton, CO 80831 · 3bd/2ba · $654,900
List Price
$654,900
Assumable Rate
6.78%
Remaining Balance
$617,064
Equity Gap
$37,835
Loan Type
VAAdjust Your Scenario
$32,745
$32,745$37,835
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (VA)
Blended Rate: 6.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,932/moAssumable @ 6.78% + gap loan
$4,050/moAssumed loan: $4,015/mo
Gap financing: $36/mo
Your Savings on This Property
12875 Morning Breeze Way, Peyton · 6.78% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($37,835) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,745, 5% of purchase price) and a second mortgage for the rest ($5,090 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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